Xander Resources (TSXV: XND) this morning announced that it has recently completed excavation work at its wholly owned Blue Ribbon Property, located within the Fenelon Gold Camp. The work was part of a fall fieldwork program being conducted on the site, with further work on the property expected this winter.
Excavation work conducted on site saw work conducted on four separate trenches. Excavation was three to seven meters wide, with lengths of the excavations ranging from 20 to 30 metres. Groving was conducted on 35.3 metres of rock on the property, with forty samples taken from the property in total, which have since been sent for gold analysis with results pending.
Further excavation work on the property was hindered by very wet ground conditions, however a number of additional old trenches were observed during the fieldwork. The recent excavation work is said to have been completed south of two faults based on analysis of the UAV drone survey conducted in October on the property.
Sponsored · Altamira Gold Corp.
Drilling is now expected to commence in the winter months, when the property is more accessible. Two drill pads have been prepared for the program, with the drill pads previously indicated to have been located within a shear zone near-to the Remick Showing, where visible gold is said to lay. Visible gold assaying as much as 8.5 grams per tonne was discovered at this location in 1969 based on historical data.
Xander Resources last traded at $0.17 on the TSX Venture.
FULL DISCLOSURE: Xander Resources is a client of Canacom Group, the parent company of The Deep Dive. The company has been compensated to cover Xander Resources on The Deep Dive, with The Deep Dive having full editorial control. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security.
